Romania Feed

A multidisciplinary team of the Financial Advisory Practice of Deloitte Romania and of law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided assistance to chemical producer Chimcomplex Borzesti (CHOB.RO) in the process of contracting a loan of EUR90 million.

Lawyer Alexandra Radulescu has joined law firm Dentons Romania as Counsel within the Litigation and Dispute Resolution Practice.

Turkish-owned real estate developer Opus Land, which developed the Cosmopolis residential compound in Bucharest, registered a turnover of EUR29.5 million in the first nine months of 2021, compared to EUR30.6 million for the full-year 2020, per data from representatives of SVN Romania, real estate consultant and exclusive agent of the project.

The World Bank on Tuesday (October 5) revised upwards its forecast on Romania’s economic growth to 7.3% in 2021, from a previous projection of 6% in June 2021, followed by a 4.8% GDP growth in 2022 and a 3.9% GDP growth in 2023.

Alina Bulgariu is the new Financial Vice President of Ursus Breweries. She joined the executive team starting October 1, 2021.   Alina has more than 25 years of experience in the FMCG industry. She started her career with Coca-Cola HBC, where she held various positions in the Finance department. Then, in 2000, she moved to […]

Romania’s center-right government of Liberal Prime Minister Florin Citu has been toppled in a no-confidence vote on Tuesday (October 5), with 281 votes in favor of the motion.

Last month, Oltina IMPEX PROD COM SRL company obtained the SafeGuard certification, following the audit performed by Bureau Veritas specialists. Through the “Restart your business with Bureau Veritas” solution, it has been certified that the manufacturer complies with national and international best practices and recommendations on the preventive measures applicable against the new type of […]

Connections Consult, a company listed on the AeRo market of the Bucharest Stock Exchange, has acquired Brusch Services, a company specializing in IT consulting and software development services previously owned by Gustav Bruckner and Axel Schwartz.

A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals producer borrowed EUR 26.7 million from CEC Bank and EUR 30 million from Alpha Bank […]

Connections Consult SA,  leader on the digital transformation market in Romania, listed on the AeRO market of the Bucharest Stock Exchange (BVB) under the symbol CC, announces the acquisition of 100% of the shares of Brusch Services SRL, specialized in IT consulting and software development in nearshoring regime (provision of services to markets close to […]

The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage two Funshop Park projects developed in Romania in Rosiorii de Vede and Focșani by the Polish company Scallier, one of the most dynamic investors in small and medium retail parks.   Scallier’s first project in Romania has been opened at the […]

The European Bank for Reconstruction and Development (EBRD) signed an agreement to acquire a minority stake in Euroins Insurance Group (EIG), one of the largest independent non-life insurance groups in central, eastern and southeastern Europe.   The EBRD is investing €30 million through a capital increase, while Еurohold, the insurance group’s parent company, is providing […]

42 startups have been selected in the current edition of the Spotlight program, organized by How to Web, which will end on November 24th with „Pitch Day” pitching event. The chosen teams come from Romania, Estonia, Poland, Latvia, Lithuania, Macedonia, Croatia, Czech Republic, Republic of Kosovo, Hungary and Ukraine.   The 42 selected startups are: […]

Romania's central bank on Tuesday (October 5) raised its benchmark interest rate to 1.5% a year from an all-time low of 1.25% a year.

Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Funshop Park retail projects developed in Rosiorii de Vede and Focsani by Polish company Scallier, one of the most dynamic investors in small and mid-sized retail parks.

Lebanese-owned group Maria, which owns the companies Maria Trading and Agro-Chirnogi in Romania, wants to acquire Romanian company Agrirom.

Real estate consulting firm CBRE has recruited Joanna Sinkiewicz for the position of Head of Industrial & Logistics for eight countries in the region of Central and Eastern Europe (CEE), including Romania.

According to a recent Eurostat report on the digital skills of young people in Europe (16-24 years old), those in Romania rank last in the EU. 56% of them have basic digital skills, compared to the EU average of 80%. Romania ranks last in the general population, only 10% of Romanians have superior digital skills […]

Restart Energy, one of the largest independent suppliers of electricity and natural gas on the local market, announces the launch of RED, the first tokenized carbon offset ecosystem. The platform allows individuals, companies, and other organizations to calculate their carbon footprint and obtain tokenized carbon credits for their positive environmental actions, certified as NFT chips […]

Notino, one of the largest online retailers of perfumes and cosmetics, has made new investments in the development of logistical capabilities. The company is in a continuous process of improving the logistics center of 7,000 square metres, located in Bucharest, the investment amounting to around 3 million euros.   Last year, Notino decided to open […]